Phil’s Place restaurant building changes hands

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Denver County

Property Location: 3463 Larimer St., Denver “Phil’s Place restaurant”

RPQ Feb. 2018 Banner 300 x 250

Property Description: 1,850-sf restaurant, YOC 1925

Land Size: 3,125 sf

Sales Price: $1.4M, or $756.76 psf

MPQ 1Q 2019 Banner 300 x 250

Reception No.: 2018131248

Closing Date: 10-9

Grantor: Gary Garcia & June Garcia

MPQ 1Q 2019 Banner 300 x 250

Grantee: 3463 Larimer LLC (Rob Naiman, mgr.), 303-534-5929

Comments: This property was listed by Zall & Co. This was known as Phil’s Place. This was a sale-leaseback with an interim use. This price reflects a land value of $448 psf.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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